Wolf Block laid off 428 workers when it dissolved — and no, this isn’t a repeat from March.
The law firm has released its WARN Act filings, which show that 235 people were laid off from Wolf Block’s Philadelphia headquarters; 15 in Harrisburg, Pennsylvania; 121 in New Jersey; and 57 in New York.
At the time of the dissolution, Wolf Block said it had 300 attorneys and 250 staff.
Founded in 1903, WolfBlock LLP was a law firm and lobbying group based in Philadelphia. The National Law Journal had ranked WolfBlock the 149th largest firm in the United States, and the 10th largest in Philadelphia, by number of attorneys.
Posted by Erik Even
on May 4, 2009. Filed under Home,Law Firm News,Layoffs.
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Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
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